Shipyard apparently insolvent | TIME ONLINE

The "Elsflether shipyard", in the training ship of the German Navy "Gorch
Fock "lies, is apparently insolvent. The management of the
Company wants bankruptcy on Wednesday in court
Sign in. This is from a report of the ARD studios. After an appointment of the management of the shipyard in the Ministry of Defense it was said that the shipyard had accounts receivable in the tens of millions. Several subcontractors have not had any money from the company for several months
receive.

How to proceed after a possible bankruptcy filing is open. Not necessarily the company must be dissolved.
It would also be possible for management and creditors themselves
communicate and business continues.

The Ministry of Defense had announced a decision
about whether the Gorch Fock should be further developed, only in the
the coming weeks, reports the ARD,

In recent months, it has repeatedly cost increases in the
Rehabilitation of the Gorch Fock given. In December, the Navy ordered one
Payment stop on, So far, almost 70 million euros for the renovation
been spent. The total cost is now 135 million
Euro numbered.

The Elsflether shipyard belongs to one
Foundation, endowment. The Hamburg judicial authority had the board of the shipyard
recalled. He is accused of dereliction of duty.
The prosecutor had begun with Ermittunlunge and then there was the
Management exchanged at the end of January.

The Left MP Matthias Höhn calls the Gorch Fock refurbishment in conversation with the newspaper a "farce and political failure at the same time". For him, it is incredible that the shipyard again and again
although their repairs were always significantly more expensive
become. For the current restructuring order have four
other shipyards advertised that, according to information from the Ministry, all capable
been the maintenance
perform.

Want on Wednesday
Budget and Defense Committee seem to clarify, as is the case with the three-master
continues.